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515 Albemarle Ave SE 2 Unit Apartment Building $252,119 CAD ($126,059 CAD/Unit) 12.74% Cap Rate Roanoke, VA 24013
Investment Highlights
- Long term tenants
- Great Investment!
- Separately metered
Executive Summary
COME CHECK OUT THIS CHARMING DUPLEX! THIS PROPERTY FEATURES 2 UNITS, EACH WITH 3 BEDROOMS AND 1 FULL BATH. THE CONVENIENCE OF LAUNDRY IN EACH UNIT MAKES DOING CHORES A BREEZE. EACH UNIT HAS WASHER AND DRYER HOOKUPS, BUT TENANT MUST PROVIDE OWN WASHER AND DRYER. THE LEVEL LOT PROVIDES AMPLE OUTDOOR SPACE FOR RELAXING OR ENTERTAINING, WHILE OFF-STREET PARKING ENSURES CONVENIENCE FOR RESIDENTS AND GUESTS ALIKE. WITH REPLACED INSULATED WINDOWS, INSULATION, A NEW ROOF, AND BOTH LVP AND HARDWOOD FLOORING THROUGHOUT, THIS HOME IS NOT ONLY STYLISH BUT ALSO ENERGY-EFFICIENT. NEW HANDICAP ACCESSIBLE SHOWER INSTALLED ON ENTRY LEVEL UNIT - DON'T MISS OUT ON THIS RARE OPPORTUNITY TO OWN A VERSATILE PROPERTY. SCHEDULE YOUR SHOWING TODAY!
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$32,112
|
$18.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$32,112
|
$18.08
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $32,112 |
| Annual Per SF | $18.08 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $32,112 |
| Annual Per SF | $18.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $252,119 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $126,059 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 12.74% | Building Size | 1,776 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | ||
| Zoning | RM-1 - 300-Multifamily | ||
| Price | $252,119 CAD |
| Price Per Unit | $126,059 CAD |
| Sale Type | Investment |
| Cap Rate | 12.74% |
| Sale Condition | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 1,776 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | RM-1 - 300-Multifamily |
Amenities
Unit Amenities
- Cable Ready
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Basement
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 3+1 | 1 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4022404 | Improvements Assessment | $120,135 CAD (2026) |
| Land Assessment | $29,541 CAD (2026) | Total Assessment | $149,676 CAD (2026) |
Property Taxes
Parcel Number
4022404
Land Assessment
$29,541 CAD (2026)
Improvements Assessment
$120,135 CAD (2026)
Total Assessment
$149,676 CAD (2026)
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Presented by
Brad Thomas Realtor LLC
515 Albemarle Ave SE
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